$Aztech Gbl(8AZ.SI)$hi tiger brothers and sisters, today I'm going to share a potential growth stock with 5+% dividend yield (less than 50% of profit is distributed as dividend payout). Sounds too good to be true right?? 

$Aztech Gbl(8AZ.SI)$has just released its 1H 2022 result on 25 July 2022. They managed to achieve S$364.6 mil revenue (up 46% yoy from S$249.7mil) and net profit of S$42.8 mil (up 45.7% yoy from S$29.4mil). EPS is S$0.055 (up 34.7% yoy from S$0.0412). Despite the impressive earnings, you will be surprised that the share price is down ~26.3% yoy from $1.22 to current price of $0.90. 

Furthermore, its orderbook grew 16% from S$827 mil (at 25 Jul 2022) vs S$713 mil (at 18 Apr 2022); and S$450 mil is expected for completion in 2H2022 (that is a 23% increase from its current 1H2022 revenue) - indicating a strong 2H2022. 

$Aztech Gbl(8AZ.SI)$is committed to fortifying its business and diversification across multiple sectors powered by the IoT trend. Its net profit margin has improved slightly from 12.1% in 2Q21 to 12.3% in 12.3% due to strong demand for its IoT and data communication products with higher margins and better operation cost controls.

The company has generated S$83.7 million of free cash flow for 1H2022 and its balance sheet remained healthy with cash and bank balances of S$241.6 million and net cash of S$232.1 million as of 30 June 2022. 

Increasing EPS but decreasing share price - do you think it's a undervalued stock?? Furthermore, it has a dividend yield of ~5.5% - even better than some of the S-Reits!! Will you consider adding this stock to your portfolio?? Do let me know your thoughts!